S&P 500 Ends Three-Week Winning Streak as Bond Yields Rise and Bitcoin Soars

Bitcoin reached $77,000, recording its best week in two years, while the S&P 500 ended a three-week winning streak as bond yields rose. The Dow gained 518 points (1%) on Friday, with the S&P 500 and Nasdaq each up 0.4%, but all three indexes closed lower for the week. Bond market volatility continued after Treasury Secretary comments.